7836 Stewart and Gray Rd - Apartments FOR SALE


Downey, CA 90241
$4,250,000 USD
714-747-3949
7836 Stewart and Gray Rd, Downey, CA for Sale
$4,250,000 USD
Apartments - FOR SALE
1/34
null | Request Cap Rate

7836 Stewart and Gray Rd
Downey, CA 90241


OVERVIEW

17-unit apartment building located in the city of Downey with no municipality rent control. First time ever on the market, the property has over 100% upside in rental income. The property has 7 units vacant and one with on-site manger. Buyer can upgrade units immediately and get full market rent. Good upside. There are 22, mostly covered parking spaces. Unit mix consists of one 3 bedroom, 2 bath, ten 2 bed 1.5 bath, two 2 bed 1 bath and four 1 bed, 1 bath units. all units have in-unit laundry hook ups almost all units have central air and heat Good size building at over 15,000 square feet and 23,000 sq. ft. lot. Added value property.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$280 USD /SF

# OF UNITS

17

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,450 SF

ZONING

-

APN/PARCEL ID

6246-002-004

ASK ABOUT THIS PROPERTY

David BiehlerPacific Sotheby's International RealtyMore Info
714-747-3949

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David BiehlerPacific Sotheby's International RealtyMore Info
714-747-3949

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.